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HomeVestors of America Inc.

2014 Franchise 500
#126
At a Glance

Products & Services: Home buying, repair and selling

Number of Locations: 452

Total Investment: $37.3K - $346.3K

Founded: 1996

Began Franchising: 1996

About HomeVestors of America Inc.

Ken D'Angelo founded HomeVestors of America and began franchising in 1996. Based in Dallas, the company buys houses in need of repairs or updates, then repairs and sells them for profit. Some home sellers will sell their houses at a wholesale price if they get a cash offer, can close quickly and can sell the house without any repair or updating expenses.

Franchise Units

Year U.S. Canadian International Company Owned
2014 452 0 0 0
2013 393 0 0 0
2012 268 0 0 0
2011 191 0 0 0
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $37,300 - $346,250
Franchise Fee: $15,000 - $50,000
Ongoing Royalty Fee: Varies
Term of Franchise Agreement: 5 years, renewable
Veteran Incentives: $1,500 to $5,000 off franchise fee
Financial Requirements
Net Worth: $37,300 - $346,250
Liquid Cash Available: $37,300 - $346,250
Operations
Franchise can be run from home. 8% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 1. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators).
Direct Capital
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 5 days. Online training
Ongoing Support: Meetings, Internet, Field operations/evaluations
Other marketing support: TV, radio, billboards, direct-mail

Franchise Ranking History

Franchise 500®: #126 (2014), #444 (2013),
Fastest-Growing: #25 (2014), #33 (2013),
Low-Cost: #22 (2014), #82 (2013),
Top Home-Based: #28 (2014),